Baird Financial Group Inc. Has $18.63 Million Stock Position in CLEAR Secure, Inc. $YOU

Baird Financial Group Inc. lifted its position in shares of CLEAR Secure, Inc. (NYSE:YOU) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 334,357 shares of the company’s stock after acquiring an additional 16,249 shares during the quarter. Baird Financial Group Inc.’s holdings in CLEAR Secure were worth $18,634,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in YOU. Royal Bank of Canada boosted its stake in shares of CLEAR Secure by 59.7% in the 1st quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock valued at $7,034,000 after purchasing an additional 101,476 shares during the last quarter. Amundi lifted its holdings in CLEAR Secure by 62.5% in the first quarter. Amundi now owns 3,743 shares of the company’s stock valued at $97,000 after buying an additional 1,440 shares during the period. Advisors Asset Management Inc. bought a new position in CLEAR Secure in the first quarter valued at approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in CLEAR Secure by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock worth $1,367,000 after acquiring an additional 2,801 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in CLEAR Secure by 64.7% during the 1st quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock worth $119,000 after acquiring an additional 1,801 shares during the period. Institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on YOU. Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings lowered CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 4th. DA Davidson decreased their target price on CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday. JPMorgan Chase & Co. initiated coverage on CLEAR Secure in a research note on Monday, August 24th. They issued an “overweight” rating and a $55.00 price target for the company. Finally, The Goldman Sachs Group set a $70.00 price objective on shares of CLEAR Secure in a research note on Monday, July 20th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $58.29.

CLEAR Secure Price Performance

NYSE YOU opened at $42.22 on Friday. CLEAR Secure, Inc. has a one year low of $29.43 and a one year high of $69.07. The firm has a market cap of $5.71 billion, a P/E ratio of 28.72 and a beta of 1.04. The stock’s 50-day moving average is $49.65 and its 200-day moving average is $51.47.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The business had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.CLEAR Secure’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. Equities analysts anticipate that CLEAR Secure, Inc. will post 1.88 EPS for the current year.

CLEAR Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. CLEAR Secure’s payout ratio is currently 40.82%.

Insider Buying and Selling

In other news, President Michael Z. Barkin sold 11,444 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $45.00, for a total transaction of $514,980.00. Following the completion of the transaction, the president directly owned 11,550 shares of the company’s stock, valued at $519,750. This trade represents a 49.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle McLaughlin sold 4,499 shares of CLEAR Secure stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $200,070.53. Following the completion of the sale, the executive vice president owned 29,519 shares in the company, valued at $1,312,709.93. This trade represents a 13.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 18,047 shares of company stock valued at $808,615. Company insiders own 29.70% of the company’s stock.

CLEAR Secure Profile

Clear Secure, Inc, operating under the CLEAR brand, is an identity technology company that provides secure, biometric-enabled services for verifying individuals. Its platform uses information such as biometrics and government-issued identification to create a reusable identity profile, helping members move through participating locations more efficiently while supporting organizations with identity verification and access control.

The company’s consumer offering includes CLEAR Plus, a membership service that allows eligible travelers to use dedicated identity-verification lanes at participating airports.